Minerals Corporation: PRM signs strategic alliance with Air Energi

2014-05-09
by Proactive Investors

Minerals Corporation (ASX: MSC)
has noted that PRM Cloud Solutions, which it is acquiring, has signed a
strategic alliance with UK-based Air Energi Group that highlights the
attractiveness of its cloud based Enverro workforce management
application.

Air Energi will use Enverro for its mobility
operations and will assist with its introduction and marketing to its
customer base in the Asia Pacific.

MSC is acquiring PRM Cloud
Solutions for an upfront consideration of 650 million shares and a
further 350 million shares (pre-consolidation) subject to revenue based
performance hurdles.

“PRM has filled a huge gap in the IT
marketplace where tracking and analysing capital-intensive resources
projects are concerned,” Air Energi Australasia vice president Matt
Smith said.

“By adding the Enverro application to our mobility operations, we gain visibility into the full workforce mobilisation process.”

MSC
managing director Murray Ward added the alliance was further validation
of the potential for Enverro to revolutionise the way in which
workforces for the oil and gas, mining, and construction sectors, are
mobilised globally.

“This is evidenced by recent $1 billion+
acquisitions by the likes of SAP, of cloud based human capital
management businesses, as enterprises look to replace ageing and
inflexible legacy software,” he added.

“Air Energi is one of the
world’s leading providers of technical expertise and personnel to the
oil and gas sector. The company has offices in 35 countries around the
globe and has deployed oil and gas professionals in over 50 countries.”

Besides benefitting from Air Energi’s
own licensing requirements and associated revenues, PRM will also
benefit from the introduction to Air Energi’s world class client base,
which includes companies like Royal Dutch Shell, BP, Total, Chevron, Exxon Mobil, BHP Billiton and Worley Parsons.

Air Energi’s adoption of Enverro had followed a successful pilot at the PNG LNG project in Papua New Guinea.

This
determined that the combination of PRM’s technology platform with Air
Energi’s industry leadership would offer Asia Pacific customers an
unrivaled solution for mobilising an international workforce.

Air
Energi has more than 30 years of experience in providing technical
expertise and personnel for the oil and gas industry. It has a strong
global footprint having deployed prequalified professionals in 50
countries.

Enverro

Enverro enables
project and HR managers in the mining, construction and Oil & Gas
industries manage the complex logistics of moving personnel to and from
remote worksites while controlling costs, minimising risks and
maximising efficiency.

The application solves an issue for
organisations with large workforces that need to be mobilised across
single or multiple projects.

Currently the process to mobilise a
large workforce is primarily managed by multiple databases, spreadsheets
and manual processes, which is time consuming, laborious, inefficient
and costly.

Enverro is built on Salesforce.com’s Force.com platform, the world’s leading cloud platform for social and mobile business apps.

Analysis

PRM’s
strategic alliance with Air Energi highlights the attractiveness of its
Enverro platform and demonstrates the growth potential available to Minerals Corporation following its acquisition of PRM.